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<br />I <br /> <br />I <br /> <br />I <br /> <br />remaining seventy percent of the Conference Center costs. A <br />breakout of these debt service payments is also included in Exhibit C. <br /> <br />Expected Sources of Revenue to Finance or Pay Project Costs <br /> <br />Table D shows the increment dedicated to the Zone by the taxing units <br />in the Zone. <br /> <br />Table D <br />Increment Dedicated to the Zone <br /> <br />Taxing Unit Dedicated Tax Rate Years <br />San Marcos (2006-2030) $0.4702/$100 Valuation 25 <br />Hays County (2006-2030) $0.3840/$100 Valuation 25 <br /> <br />Tax Increment Fund <br /> <br />The City shall create and establish a Tax Increment Fund (TIF) for the <br />Zone, which may be divided into sub-accounts as provided for in the <br />ordinance creating the Zone. The TIF and each account shall be <br />maintained at the depository bank of the City and shall be secured in <br />the manner prescribed by law for funds of Texas cities. The annual <br />Tax Increment shall equal the property taxes levied by the City or any <br />other taxing unit participating in the Zone for that year on the captured <br />appraised value, as defined by the State Tax Increment Act (the "Act"), <br />of real property located in the Zone that is taxable by the City or any <br />other taxing unit participating in the Zone, less any amounts that are to <br />be allocated from the Tax Increment pursuant to the Act. <br /> <br />Current Total Appraised Value of Taxable Real Property <br /> <br />Table E lists the current appraised value of the taxable property in the <br />Zone. The five acres of land owned by the City of San Marcos is tax <br />exempt. <br /> <br />Table E <br />Current Appraised Value of Taxable Property <br /> <br /> <br />Acrea e <br />10 <br />5 <br />15 <br /> <br />Taxable Value <br />$1,306,800 <br />o <br />$1,306,800 <br /> <br />7 <br />